Stock Market Today: Dow Climbed, Tesla Jumped, Twitter Tumbled

Stocks jumped Friday, amid signs that central bankers may be starting to take a possible global growth slowdown seriously—and raising hopes in the market that they won’t increase interest rates as quickly as feared.

Despite Friday’s performance, the three major U.S. indexes all fell for the week: The Dow, the S&P 500, and the Nasdaq slipped 2.1%, 2.4%, and 2.8%, respectively.

But Friday’s gains come a day after all three indexes rallied in the late afternoon Thursday from their lows.

“US stocks are finishing on a high note as investors take comfort from a round of Fed speak that suggests financial markets won’t have to price in even more tightening of financial conditions,” wrote Edward Moya, senior market analyst at Oanda.

The rising market is a sign that the bulls are not done fighting, and it may have been triggered by comments made by Federal Reserve Chair Jerome Powell. In a radio interview, Powell said that he expects the Fed to lift rates by half of a point at each of the next two meetings as the central bank combats inflation, reiterating what he said at last week’s Federal Open Market Committee meeting.

However, Powell also acknowledged that it…


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